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Forum to purchase KWSD, Launch news


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Forum Communications to purchase KWSD in Sioux Falls from JF Broadcasting and intend to launch local news casts. KNBN (Rapid City) does not seem to be included in the agreement.
 https://www.dglobe.com/news/local/globe-parent-company-forum-communications-expands-in-sioux-falls

I feel like they missed out on getting KTTW when they had the Fox affiliation and building out a news operation. 

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1 hour ago, ABC 7 Denver said:

 

Ouch. That's a lot of money for such a tiny purchase. That or inflation is killer.

It was a 'run for fun' station which barely made any market impact (it still carries YTA as a primary in 2022!), so it sounds like transmitter work/relocation needs to be done and it has half the signal of KSFY and KDLT. It's doubtful they get any of the big four, but we'll see if this works out (though with KELO's domination, it feels like a lost cause without any affiliation).

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I remember reading the paperwork for the KSFY/KDLT waiver. Granted, that was written to convince the FCC to allow the waiver to approve that deal, but it painted a bleak picture for KDLT under Red River and made it sound like a stand-alone KSFY was hurting as well. 

The financials of launching news on a station with no established brand, no network available,  and many hours of programming to fill are yikes.

Not to mention finding a way to staff it. We're in an environment where stations in much larger markets and an established history are struggling to recruit employees. Maybe they do news on the cheap from existing facilities in Fargo with MMJs in Sioux Falls... but still... trying to think about spending that money in 2023. Weird. 

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4 hours ago, Recovering Producer said:

I remember reading the paperwork for the KSFY/KDLT waiver. Granted, that was written to convince the FCC to allow the waiver to approve that deal, but it painted a bleak picture for KDLT under Red River and made it sound like a stand-alone KSFY was hurting as well. 

The financials of launching news on a station with no established brand, no network available,  and many hours of programming to fill are yikes.

Not to mention finding a way to staff it. We're in an environment where stations in much larger markets and an established history are struggling to recruit employees. Maybe they do news on the cheap from existing facilities in Fargo with MMJs in Sioux Falls... but still... trying to think about spending that money in 2023. Weird. 

 

Exactly. From a fiscal perspective, buying this station now to create that kind of product at $1.4 Million with these interest rates and without an affiliate certainly makes me question if there are alternative motives.

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